Gold Falls Below $1,700
APMEX
6/5/2020 10:18:13 AM
Gold prices have fallen for a third straight weekly decline on Friday, weighed down by gains in riskier assets as investors grew more hopeful of a rebound in the global economy. A drop in the nation’s unemployment rate and an unexpected monthly rise in U.S. jobs revived the stock market, pushing prices for the yellow Precious Metal toward their lowest in nearly two months. The U.S. regained 2.5 million jobs in May, and the unemployment rate fell to 13.3%, according to the Bureau of Labor. Spot Gold is currently down almost $50 to $1,689 per ounce.APMEX Market Reports provide our readers with a review of spot price activity and some of the factors that may be affecting the market for Precious Metals. While the information is obtained from sources we believe to be reliable, we do not guarantee its accuracy or its completeness and we encourage you to conduct your own investigation prior to making any decision based on the information. The Market Reports are not intended as a comprehensive discussion and there may be other factors affecting the financial marketplace. These Market Reports are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, purchase or sell any Precious Metal product. All orders, purchases and sales, if any, are subject to the terms of the User Agreement and other applicable policies
